RESTORE Act

For damages caused by the BP oil spill in 2010, Alabama will receive $2.3 billion of a total settlement agreement valued at $18.5 billion. Of that, $1.3 billion of the state's share will be allocated to environmental and economic damages, while the remaining $1 billion will be distributed into the state’s general fund over the next 18 years — an amount equalling $55.5 million per year.